Nathan op Tenerife
Listing N° BD · La Orotava, North

Casona BIC La Orotava — Calle Nicandro González Borges, La Orotava.

10 bed · 7 bath722 m² built523 m² plotBuilt 1900Villa
Asking  ·  My target
1,425,000 / €1090k
Or book a viewing directly →
01 / 20
In this feature
Ch. I
The take
Ch. II
The numbers
Ch. III
The plates
Ch. IV
The location
Nathan's take
The honest note

Historic BIC casona right in La Orotava's old town — 722 m² across two floors with a 523 m² garden, ten bedrooms, a central patio and a rooftop with views over the Atlantic. Currently operating as a boutique guesthouse with the vacation rental licence in place. Asking €1.425M is roughly fair against what casco mansions typically sell for, but realistically the price would need to come down to around €1.09M to clear in normal time — this segment is illiquid and 18-24 months on the market is the rule, not the exception. The right buyer here runs a boutique hotel or is buying for legacy, not a typical residential buyer.

My verdict
Worth a look
Priced honestly for what it is. Move this month.

What I saw on the viewing.

El Alma de La Orotava — residencia histórica BIC en el casco. 722 m² construidos / 700 útiles, parcela de 523 m². 10 habitaciones, 7 baños. Patio central, terraza, azotea con vistas al Atlántico. Vivienda vacacional operativa con habitaciones en suite y apartamento independiente. Construida en 1900, reformada para uso turístico boutique. Calle Nicandro González Borges, Distrito Centro, La Orotava.

If you bought it today
Listed at €1,425,000; fair value €1,215,300. You'd be paying €209,700 over (+17.3%).
All-in buy cost ≈ €1,546,125 (price + ITP, notary, registry, my fee).
Super
+7.3% / yr
Break-even at 2 years
10-yr net to seller: €2,770,053 · total return +€1,223,928 (+79.2%)
5-yr: €1,946,646 · +25.9%
Tourism + supply tightness continues. Top-quartile of historical years.
Okay
+5.0% / yr
Break-even at 3 years
10-yr net to seller: €2,217,739 · total return +€671,614 (+43.4%)
5-yr: €1,741,800 · +12.7%
Long-run Canarias trend. What the median year has looked like.
Moderate
+4.2% / yr
Break-even at 3 years
10-yr net to seller: €2,068,220 · total return +€522,095 (+33.8%)
5-yr: €1,682,060 · +8.8%
Soft cycle. ECB tightening or local oversupply. 30th percentile.
Bad
+2.7% / yr
Break-even at 5 years
10-yr net to seller: €1,782,152 · total return +€236,027 (+15.3%)
5-yr: €1,561,404 · +1.0%
Recession or tourism shock. Bottom-decile of historical years.
Crash (2008-style)
-2.0% / yr
Break-even at 19 years
10-yr net to seller: €1,208,935 · total return -€337,190 (-21.8%)
5-yr: €1,013,521 · -34.4%
Honest worst-case: replays the actual Spanish 2008–2018 cycle. Sharp decline then slow recovery. Most buyers stay underwater for years.
Scenarios anchored on the last 10 years of Canarias INE IPV YoY observations (post-2008-crash regime). Bad = 10th percentile, Moderate = 30th, Okay = median, Super = 75th. Buy-side costs 8.5% (ITP + notary + registry + buyer's-agent fee); sell-side costs 4% (agency + plusvalía).
Market context · Canarias
QIV 2025
Canarias prices 11.0% higher than a year ago — market running hot.
1-year
+11.0%
5-year
+49.6%
vs peak
100%
QIV 2025
Source: INE · Índice de Precios de la Vivienda · 2015 = 100
By the numbers
Listed
€1,425,000
€1,974 / m²
My target
€1,090,000
23.5% under asking
Community fee
N/A
Standalone — no comunidad de propietarios
Pending derrama
N/A
Standalone — no comunidad
The true cost, at my target
Purchase price
€1,090,000
ITP — 6.5% Canarias
€70,850
Notary
€1,450
Land registry
€680
Gestoría
€600
My fee — 1.5%
€16,350
All-in, done
1,179,930
Mortgage, indicative
From
€4,326/ month
via Sabadell · €498,750 deposit · 25y
10 banks · 12m Euribor 2.723% · April 2026 · non-binding
The plates
Plate II
Plate III
Plate IV
Plate V
Plate VI
The location
La Orotava · NorthOpen in Google Maps →

Where this one sits.

La Orotava, North Tenerife.

Nearest beachPlaya de San Juan5.7 km · 7 min drive
Second beachPlaya El Bollullo6.5 km · 8 min drive
SupermarketMercadona137 m · 2 min walk
PharmacyLcda Dña María Del Pilar García Darias238 m · 3 min walk
Restaurants & cafés20 within 500 m
HospitalHospital Quirónsalud Vida - Urgencias3.1 km · 4 min drive
Shopping mallMinicentro La Carrera278 m · 2 min drive
MarinaPuerto Deportivo La Galera45.2 km · 39 min drive
Golf courseGolf La Rosaleda4.0 km · 5 min drive
AirportAeropuerto Tenerife Norte (TFN)28.9 km · 25 min drive
A word from Nathan
Nathan Derkse
Nathan Derkse
Buyer's agent
A note

“If you'd like me to walk this property with you — on video, or in person on your next trip — send me a message. Twenty minutes is usually enough to know whether it's the one.”

Nathan